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Wall Street ends higher after Fed leaves investors unruffled| Reuters

Jul 30, 2015 at 03:00 | Source: FirstPost

U.S. stocks finished stronger on Wednesday after the U.S. Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.The central bank's comments on the economy and inflation after its two-day pow-...

Global stocks, dollar climb as Fed sees improving economy| Reuters

Jul 30, 2015 at 02:45 | Source: FirstPost

NEW YORK Global equity markets rose on Wednesday, lifted by strong U.S. and European corporate earnings and a Federal Reserve statement that said the U.S. economy continues to strengthen, adding to expectations that an interest rate hike is getting c...

Global stocks climb ahead of Fed statement| Reuters

Jul 30, 2015 at 02:15 | Source: FirstPost

NEW YORK Global equity markets rose on Wednesday, lifted by strong U.S. and European corporate earnings, as investors awaited a policy statement from the U.S. Federal Reserve, which is expected to raise interest rates, perhaps as early as September.T...

Thomson Reuters profit beats, finance unit shows growth| Reuters

Jul 30, 2015 at 01:45 | Source: FirstPost

Thomson Reuters Corp on Wednesday reported higher-than-expected quarterly profit as the company's biggest division that serves banks and financial institutions showed underlying revenue growth for the first time since 2011.Revenue at its Financial &...

U.S. stocks higher after Fed notes improving economy| Reuters

Jul 30, 2015 at 01:30 | Source: FirstPost

U.S. stocks were higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen.The central bank's comments on the economy and inflation after its two-day pow-wow ap...

Nestle India slips into loss as noodle scare hits sales | Reuters

Jul 30, 2015 at 00:45 | Source: FirstPost

MUMBAI Nestle India Ltd slipped to a second-quarter loss as sales plunged after its hugely popular Maggi noodles were pulled off shelves over safety concerns. The unit of Swiss food giant Nestle SA said on Wednesday the quarter was "extremely ch...

U.S. stocks stay higher after Fed leaves rates unchanged| Reuters

Jul 30, 2015 at 00:30 | Source: FirstPost

U.S. stocks stayed higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen.Investors have been focussed on the outcome of the Fed's two-day policy meeting wit...

Pressed by left, Greece's Tsipras vows thus far and no further| Reuters

Jul 30, 2015 at 00:15 | Source: FirstPost

ATHENS Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month.Tsip...

U.S. stocks rise amid earnings; Fed meeting in focus| Reuters

Jul 29, 2015 at 23:30 | Source: FirstPost

REUTERS - U.S. stocks rose on Wednesday as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike.Investors are focused on the outcome of the Fed's two-day policy meetin...

Cabinet approves new Consumer Protection Bill that seeks to replace 29-year-old law

Jul 29, 2015 at 21:39 | Source: FirstPost

New Delhi: The Cabinet on Wednesday approved a new Consumer Protection Bill 2015 that seeks to replace a 29-year-old law and proposes to set up a regulatory authority which will have powers to recall products and initiate class class suit against def...

Fashion brand Zovi raises $50 million, to launch deals marketplace app

Jul 29, 2015 at 17:28 | Source: FirstPost

Zovi, a fashion brand with focus on men's fashion,announced today (July 29) that they have raised $50 million and will launch Little, a diversification into the burgeoning Online to Offline (O2O) market. Founders Manish Chopra and Satish Mani said th...

General Motors to invest $1 billion in India, 10 Chevrolet models lined up

Jul 29, 2015 at 16:46 | Source: FirstPost

New Delhi:US auto major General Motors on Wednesdaysaid it will investment $1 billion (Rs 6,400 crore) to turnaround its fortune in the country, but said it will close its manufacturing plant at Halol, Gujarat to consolidate operations.The company al...

Sensex ends 4-session losing streak, gains 104 points on short covering

Jul 29, 2015 at 16:40 | Source: FirstPost

Domestic equities finally showed some conviction on the penultimate day of the current month's (July) F&O expiry, snapping a four session fall as recovery in other Asian indices aided sentiment prompting investors to cover short positions in ...

Don't cheer SpiceJet's remarkable turnaround just yet; there are red flags in this growth story

Jul 29, 2015 at 16:39 | Source: FirstPost

SpiceJet has seen a remarkable turnaround in its fortunes since Ajay Singh took charge of the airline for the second time in January this year. Since his arrival, the airline has posted profits in two successive quarters - which sure is a huge improv...

Rajan is right, the window dressing of bad loans by banks should end

Jul 29, 2015 at 16:02 | Source: FirstPost

The Reserve Bank of India (RBI) governor Raghuram Rajan was speaking at a function to inaugurate the Meghnad Desai Academy of Economics in Mumbai, yesterday (July 28, 2015). Normally, whenever the RBI governor makes a speech, a copy of the speech is ...

GM to invest $1 billion in India, 10 Chevrolet models lined up

Jul 29, 2015 at 15:34 | Source: FirstPost

New Delhi:US auto major General Motors on Wednesdaysaid it will investment $1 billion (Rs 6,400 crore) to turnaround its fortune in the country, but said it will close its manufacturing plant at Halol, Gujarat to consolidate operations.The company al...

Alibaba makes $1 billion cloud bet to overtake Amazon

Jul 29, 2015 at 14:52 | Source: FirstPost

China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion in the next three years into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the...

Black Vine: Formidable cyberespionage group targeting aerospace, healthcare since 2012

Jul 29, 2015 at 14:51 | Source: FirstPost

Earlier this year, the second largest health insurance provider in the US publicly disclosed that it had been the victim of a major cyberattack. The attack against Anthem resulted in the largest known healthcare data breach to date, with 80 million p...

Microsoft to show off more Windows 10 features: What's in it for the enterprise?

Jul 29, 2015 at 14:10 | Source: FirstPost

Microsoft is all geared up to show off its new operating platform Windows 10 today. It would be interesting to see if the company has anything for the lucrative enterprise segment.Last October, Microsoft said that Windows 10 -- which will replace the...

Gujarat mechanic designs 'AC sofa' with help from NID alumnus

Jul 29, 2015 at 13:59 | Source: FirstPost

Ahmedabad: A repairman from Gujarat has successfully designed 'an AC sofa' which can be used even at outdoor events and consumes less electricity than the tower air-conditioners.Gandhinagar resident Dashrath Patel, who repairs ACs, came up with the i...

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